Slow tarde! can we have another push to TP ???
My thoughts: we may continue up to the previous highs, but if we don't get momentum and a close passed them I will close my trade. if we do get momentum i will hold the position to see if we can target the previous TP level! whats others thoughts
Reason for placing the trade: price had previously broken an sending support line, this indicated a move to the downside. we saw some momentum to the downside then a small pull back. the bullish pressure in the pull back quickly got depleted providing more confirmation there would be a move to the downside. I entered in on some momentum to the downside targeting...
Reason for placing the trade: price had formed a double bottom failing to break bellow the support, price had also started to tank on DOW resulting in a bullish push. i could have target the previous highs but i only placed a 1:3 RR i entered the trade on momentum to the upside!
Reason for placing the trade: price had broken above a strong resistance so i wanted to see a pull back then trend continuation, we had a pull back then some momentum to the upside. i entered the trade but unfortunately DOW broke and tanked providing dollar weakens resulting in many USD pairs to tank. we got stopped out but with correct risk management only -1%
Reason for placing the trade: price had respected the ascending support line indicating a move to the upside. i set a buy stop that would be triggered on momentum to the upside, we got the nice momentum but there was clearly some news that resulted in me getting stopped out. I am still happy with the trade. i was trading with the market, unfortunately it happens!
Why i placed this trade: Price has been respecting the diagonal support we also got some wick rejection and nice candlestick confirmation indicating a reversal. i entered the trade on some momentum to to the upside targeting the previous highs.
Why the trade didn't hit TP: I was trading against the trend for a start, but price stalled at a previous resistance...
I'm waiting for confirmation but price is moving above the 200MA so in a uptrend, i want to see price stall around the previous support level. if price stalls i will use momentum and candlestick confirmation to get in long again
Reason for placing the trade: price was reacting against a diagonal support, we had a small pull back to the 0.5 fib zone so i was looking for a entry. I set a sell stop what would be triggered with some momentum to the upside. the trade targeted the previous highs and hit TP quite nicely
Reason for placing the trade:price had been rejected from the resistance, indicating a move to the downside. i entered the trade on some nice momentum. the trade went my way but unfortunately pulled back. i didn't move the stop to entry so it still hit sl lol.
why the trade failed: Trading against the trend, was a pull back rather reversal
Reason for the trade: the price had broken a support line indicating a move to the downside. Price also crossed the 200MA moving to a down trend. I placed a instant execution targeting the previous lows
Why the trade failed: I still like the setup i just entered too small of a sl, i should have set the sl above previous wick rejections!!!
Reason for placing the trade: price broke above a resistance line indicating a move to the upside. price was also above the 200MA indicating a bullish bias. I set a sell stop before i went to bed that would be triggered with momentum to the upside. i targeted the previous highs.